Author: News Desk

Still More on Credit-Worthiness of Bank Lending in Housing Bubble: Loan Originations vs. True Bank Lending
July 16, 2012 0

Still More on Credit-Worthiness of Bank Lending in Housing Bubble: Loan Originations vs. True Bank Lending

By News Desk

This is what I stated, adding the words [banks thought]. The email from reader David follows this recap. Five Reasons Banks Extended Credit in Housing Bubble Years [Banks thought] People would pay mortgage loans because they always did [Banks thought] Housing prices would rise sufficiently to cover defaults [Banks thought] Mortgage interest rates to subprime borrowers were high enough to cover risk [Banks thought] Defaults would happen over a long period of time, not quickly concentrated Banks could pass the trash to Fannie Mae and Freddie Mac (without clawbacks for non-performance), and/or loans could be sliced and diced in tranches to investors If any of those conditions were true, then banks were indeed making loans to “credit-worthy” borrowers

Ending Syria’s Violence
July 16, 2012 0

Ending Syria’s Violence

By News Desk

Begins with ending arms, cash, and support for terrorist front.  by Tony Cartalucci  July 16, 2012 – At 20 million, if even half of Syria’s population rose up against the government of President Bashar al-Assad, armed with pointed sticks, the revolution would be over in an afternoon. Instead, it has dragged on for nearly a year and a half, consisting of hit-and-run battles, terrorist bombings, and cross-border infiltration – indicating that but a slim minority has "risen up" and of that minority, the vast majority of them are sectarian extremists – admittedly many are not even Syrian. Most importantly, it is not within Syria, but beyond its borders, that these "rebels" derive the summation of their support